The speaker's investment thesis is that application companies should have both a strong product organization and a strong research organization.

“You need to. I think it's gonna be really hard as an application company over the long haul to survive without a research team internally. Um, it's one of the, like an investment theses that I have that if, you know, investing in applications, like, I wanna believe there's two things: really strong product org, but also a really strong research org.”